Website - Crexi


#1

Just came across the website Crexi last night. Is this site similar to Loopnet? Can anyone tell me about it?


#2

I could be mistaken, but I believe this is a Clearinghouse for bank owned repos. I believe it is backed by one or more of the big Banks brokering Wall Street Bond asset-backed commercial mortgage-backed bonds that have repos in their portfolio… This is how they dump them.


#3

Yes it’s like LoopNet but provides the information directly to the broker when you view the information you will notice that you will get contacted immediatedly when you review a listing. It’s just another resource.


#4

Thank you both for letting me know about Crexi